If your household owns two or more cars, buying or renewing insurance separately for each one means extra time and extra cost.
A Multi-Car or Family Car Insurance Plan lets you combine all your vehicles under one policy - saving up to 20–30% on premiums while simplifying renewals and claims.
In Hyderabad, Telangana, where families often own multiple vehicles across members, multi-car plans are becoming one of the smartest ways to manage coverage, reduce costs, and enjoy unified add-on benefits like Roadside Assistance (RSA) and Zero Depreciation.
This guide explains how multi-car and family car insurance works, what’s included, who qualifies, and how to save more with bundle discounts.
What Is A Multi-Car Or Family Car Insurance Policy
A multi-car insurance policy covers two or more cars owned by individuals in the same household under one insurer.
Instead of separate premiums, paperwork, and renewal dates for each vehicle, you get one master policy - easier to manage, with better discounts.
Types of group car insurance:
- Multi-Car Plan: Covers multiple cars under one policy for the same policyholder.
- Family Plan: Covers cars owned by different family members (same address).
- Fleet Plan (for small businesses): Covers company or pooled vehicles under one corporate plan.
How It Works
- You list all vehicles (with registration numbers and owners) under one insurer.
- Each car gets its own IDV and premium breakdown, but combined for total billing.
- Add-ons like Zero Dep, RSA, and NCB Protect can be applied across vehicles.
- One renewal date, one payment, one claim contact point.
- If one car has a claim, others retain their NCB discount.
Benefits Of Multi-Car & Family Car Insurance
- Bulk premium discount: 10–30% cheaper than separate policies.
- Single renewal: No need to track multiple expiry dates.
- Add-on flexibility: Shared RSA or family-wide NCB Protect.
- Centralized claims: One contact point for all cars.
- Loyalty rewards: Additional discounts on renewal for continued group cover.
- Better underwriting: Insurer views the family as a low-risk group if overall claim history is clean.
Cost And Savings Example
| Number of Cars |
Separate Premiums (₹) |
Multi-Car Policy (₹) |
Total Savings |
| 2 Cars |
₹25,000 |
₹21,500 |
₹3,500 (14%) |
| 3 Cars |
₹36,000 |
₹30,000 |
₹6,000 (17%) |
| 4 Cars |
₹50,000 |
₹40,000 |
₹10,000 (20%) |
Add-Ons That Work Best With Multi-Car Plans
| Add-on |
Why It’s Useful |
| Zero Depreciation |
Reduces repair cost for all cars in family fleet. |
| NCB Protect |
Keeps discounts safe even if one family car claims. |
| Roadside Assistance (RSA) |
Extends towing and emergency help across all covered cars. |
| Engine Protect |
Saves on water or oil damage repairs, especially in flood zones like Hyderabad. |
| Personal Accident (PA) Cover |
Family-wide protection for owner-drivers. |
Who Can Get A Multi-Car Policy
- Families living at the same registered address.
- Individuals owning multiple vehicles personally.
- Companies with small fleets of under 10 cars.
- Married couples with jointly owned vehicles.
- Parents and adult children insuring together for shared savings.
Local Insights For Hyderabad
- Average cars per household: 2.
- % of families eligible for multi-car discounts: 35%.
- Top insurers offering multi-car plans: HDFC ERGO, ICICI Lombard, Bajaj Allianz.
- Avg. premium saved per family: ₹6,000.
- Common bundle add-ons: Zero Dep + RSA + NCB Protect.
Tips To Maximize Savings
- Keep all cars under one insurer for continuous loyalty discount.
- Renew on time - delayed cars may lose bundle benefit.
- Combine car + two-wheeler under same insurer for extra rebate.
- Maintain low claim ratio across all cars to retain full discount.
- Use PolicyBachat comparison tool to check total savings across insurers.
How To Switch To A Family Plan
- Collect RC copies and old policies of all cars.
- Visit PolicyBachat or insurer portal and select “Multi-Car/Family Policy.”
- Enter registration details for each car.
- Review IDV, add-ons, and total premium.
- Complete payment - e-policy issued covering all cars.
Pro Tip Section
- NCB Handling: Claims from one car don’t affect others’ NCB - each car’s bonus is calculated separately.
- Single Renewal Reminder: All cars share one renewal cycle for convenience.
- Add-on Portability: You can modify add-ons individually within the group plan.
- Fleet Upgrade Option: Convert to corporate plan later if your car count grows.
FAQs
Can I include cars owned by my family members?
Yes, if they live at the same address or are dependents.
Will one claim affect the discount for other cars?
No, NCB is calculated separately per car.
Do all cars need the same coverage?
No, you can customize IDV and add-ons for each.
Can I add a new car mid-policy?
Yes, pro-rata premium applies for the remaining period.
What if one car is sold mid-year?
You can remove it and get a refund for the unused term.
Do multi-car plans include two-wheelers?
Some insurers allow it - check for “multi-vehicle” option.
Is family car insurance available nationwide?
Yes, most major insurers now offer this.
Do I get a single policy document?
Yes, with a separate section for each car.
Can I choose different add-ons for each car?
Yes, flexibility is allowed for IDV and extras.
What’s the minimum number of cars required?
Usually two; some insurers require three.
Is there any maximum limit?
Generally up to 10 cars per family plan.
Does switching to a family plan affect claims?
No, claims are filed separately for each car.
Are discounts cumulative year over year?
Yes, loyalty and NCB bonuses apply independently.
Can company cars be added?
Only if under the same registered business name.
Is it cheaper than individual policies?
Yes - usually 10–30% lower combined premium.
Customer Reviews
- “Insured both cars together - saved ₹5,000 instantly.” - Ravi K., Pune
- “Love having one renewal date for our family cars.” - Sneha D., Hyderabad
- “Easy setup and clear discounts - great for families.” - Vikram T., Delhi
- “We added my son’s car mid-year without issues.” - Priya S., Chennai
- “PolicyBachat showed bundle savings no one else did.” - Kavita R., Mumbai
- “Zero Dep for all cars under one policy - excellent value.” - Arjun P., Bengaluru
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